"The
bell tolls for the US Dollar because it is doomed. Like the Dodo bird,
the US Dollar will, within the foreseeable future, disappear into the
history books in the chapter on "Extinct Species." --Alf Field, Le
Metropole Cafe

Here
are a few items you may have missed due to a busy schedule.

August
12, 2005 Bush acknowledges the collapsing US economy The US administration
aims to spend $286 billion on the development of the American transport
system

"US
President George W. Bush released a remarkable statement a short time
ago. The remark has not been highlighted in the world media yet, although
there is every reason to do so. Bush virtually acknowledged that the USA
was experiencing a serious economic crisis. Moreover, the US government
was taking immense efforts to avoid a massive outbreak of social uneasiness,
the American president believes...the White House is desperately looking
for measures to find employment for crowds of unemployed American citizens
and hungry migrants, which threaten to enrage the rest of the States."

This
is an e-mail exchange between individuals I know who have been trying
to sound the warning bell for a long time:

"September
24, 2005: Hedge funds, derivatives, and the average Joe - I'm forwarding
two CNN Money stories from last Friday, which are symptomatic of
behind-the-scenes panic at hedge fund/derivatives catastrophes which
have already happened but which haven't reached the surface yet. Sanio
(top German financial regulator) told German media last week, as he headed
to the Bear Stearns/Morgan Stanley parley in New York on dangers of hedge
fund/ derivative breakdowns, that "another LTCM is inevitable" given failure
to institute regulatory control since the LTCM meltdown of 1998.

"Check
out today's (Sept. 26) Financial Times, for a similar warning..."Hedge
Fund Derivatives Disaster Lurking behind Delta and Northwest. Commenting
on the unserious reaction by the financial community to warnings of a
hedge fund collapse by German bank regulator Jochem Sanio, the FT warns
of a derivative disaster lurking behind Delta and Northwest Airlines bankruptcies."

What
is going to happen to the trillions of dollars in pension funds when this
meltdown reaches hyper speed? How many Americans who have their life's
savings in the stock market or other investments really understand what's
happening right now? Tens of millions of Americans and everything they
have ever worked for is in dire jeopardy and that is no exaggeration:

".....Meanwhile,
several funds have come under the scrutiny of federal regulators this
year for allegedly defrauding investors. Two principals of KL Financial,
a $200 million, West Palm Beach, Fla., hedge fund, fled the country after
the SEC sued them in March for lying about their funds' returns and issuing
bogus reports to investors. More recently, Daniel Marino, the chief financial
officer of Bayou Management LLC, admitted to years of cooking the books
in a suicide note, though he never killed himself, according to media
reports.

"Marino
and Bayou's founder, Samuel Israel III, are now being investigated for
falsifying returns to cover up trading losses, and state officials in
Arizona seized $100 million in funds believed to belong to Bayou's investors,
according to court documents. Federal prosecutors filed a suit alleging
that Bayou's managers raised $300 million from between 1998 and 2005 by
lying to investors about the fund's returns and other issues."

"Surging
energy prices, low personal savings and the higher cost of borrowing have
combined to produce a record level of overdue credit card bills. The American
Bankers Association reported Wednesday that the percentage of credit card
accounts 30 or more days past due climbed to an all-time high of 4.81
percent in the April-to-June period....The previous high of 4.76 percent
came during the first three months of the year, in keeping with a generally
steady rise over the past several years.

"The
personal savings rate dipped to a record low of negative 0.6 percent in
July. The negative percentage means that people did not have enough left
over after paying their taxes to cover all of their spending in July.
As a result, they dipped into savings to cover the shortfall."

Individuals
who can't make even the minimum payment on their credit cards can't spend.
They have no disposable income left for anything other than basic survival.
People who file for bankruptcy are credit strapped and can't spend because
they have no disposable income left for anything other than basic survival.
Those of us who know what's here and maturing, aren't spending - especially
on cheap junk manufactured by slave labor in communist countries like
China.

Too
much of our economy is based on "fun times" and entertainment. When it
gets down to basic survival vs. fun spending, guess where that consumer
dollar will go? It will go for rent and food, not casinos, movie tickets
or ski trips this winter. The poor will continue to slip into deep poverty
and the middle class will be driven into their first taste of poverty
in order to subsidize - via more and more taxation - the poor, unconstitutional
wars, foreign aid and more unauthorized spending through borrowing.
Right behind the feds are the states picking your pocket and most of it
is done through borrowing or more bonds. Debt slapped on top of more debt,
yet the voters seemingly don't mind as they continue to reelect the same
communists, fascists and socialists to their state legislatures.

If you
haven't read 'Borrowing, Spending, Counterfeiting' by Congressman Ron
Paul, I
highly recommend you do so. This column was written back in August
in response to the transportation
bill that was signed by Bush - legislation passed solely to create
more jobs via government subsidizing (more communism) and a very transparent
effort to keep Americans from seeing the real destruction of our key job
sectors as a result of these insidious trade treaties. Bankruptcy filings
are at record levels in this country. A new federal law goes into effect
October 17, 2005 which will make erasing debts more difficult. By the
end of September, filings were running 13,000 a day; year-to-date
filings of 1.36 million are up 14% from last year. This cannot all be
laid at Katrina's door, believe me. Those in the industry know better:

"The
headlines this weekend are truly shocking. For the third quarter of 2005
Natural Gas rose 80%, gasoline 44% and crude oil 13%! If you read many
of the mainstream news comments about the energy market you will come
to the conclusion that two very wild and mischievous twin sisters, Katrina
and Rita were responsible for all of this, with a bit of blame also going
to insurgents in Iraq who keep blowing up pipelines. So while it is painful
to pay such sky-high prices for natural gas and gasoline we can rest assured
that as soon as the storm damage to the energy industry infrastructure
on the US Gulf Coast is repaired, and things get more stable in Iraq,
Americans can go back to gas guzzling with their SUVs at a buck a gallon
for gasoline. Unfortunately, that will not be the case. The current
energy crisis has been more than 35 years in the making. Recent events
have only acted as catalysts to what was already an accident waiting to
happen." Adrian Douglas "Running on Empty - The Anatomy of an Energy Crisis"

Oil
is black gold. Oil runs the industrialized world. We can all see the impact
of the high cost of this liquid gold at the pump is having on our daily
lives. The cost of everything is increasing; high fuel prices are curtailing
Americans in their spending habits which is bad for the economy. However,
it goes much deeper than that. On October 5, 2005, Michael Ruppert, author
of Crossing the Rubicon, gave a speech in NYC for the
Petrocollapse
Collapse conference. There are those who make their living at convincing
you peak oil is a bunch of hooey. In Crossing the Rubicon,
Ruppert uses an old Saudi saying which goes something like this: "My father
rode a camel, I ride in a car, my son rides in a jet and his son will
ride a camel." Chilling coming from a country that supplies so much of
the world's oil.

I have
a copy of Ruppert's entire speech which is only available to members on
his site From
the Wilderness. As it is copyrighted, I can use just a couple of paragraphs
of this powerful presentation: Government, Financial And Political
Awareness Of Peak Oil Prior To 2005.

"MAY
2001 - THE NATIONAL ENERGY POLICY DEVELOPMENT GROUP This secret task force,
which fought all the way to the Supreme Court to keeps its records and
deliberations secret from the public, is for me the place where the deepest
darkest secrets of both the September 11th attacks and government's awareness
of Peak Oil lie buried. The task force convened just as the first 20 out
of 25 wells drilled in the Caspian Basin came up dry holes. In "Crossing
the Rubicon" I discuss the meager seven pages of NEPDG records released
after lawsuits which confirm the group's obsession, not with oil discovery,
conservation (economic stagnation) or energy substitutes, but with where
the known oil was, who owned it and apparently who had to be dealt with
to get it.

"The
public report of the NEPDG told us, just four months before the 9/11 attacks:
" America in the year 2001 faces the most serious energy shortage since
the oil embargoes of the 1970s. "Estimates indicate that over the next
20 years, US oil consumption will increase by 33 percent, natural gas
consumption by well over 50 percent, and demand for electricity will rise
by 45 percent.

"US
energy consumption is expected to increase by about 32 percent by 2020.
Between 2000 and 2020, US natural gas demand is projected by the Energy
Information Administration to increase by more than 50 percent. Yet we
produce 39 percent less oil today than we did in 1970, leaving us ever
more reliant on foreign suppliers. On our present course, America 20 years
from now will import nearly two of every three barrels of oil - a condition
of increased dependency on foreign powers that do not always have America's
interests at heart.

"February
2005 - SAIC Report Of Robert Hirsch. Science Applications International
Corporation is one of the most elite military and intelligence technology
companies in the world. It controls a significant part of the Internet
and is one of the core companies in the field of data mining technology
used by the US government to spy on potential enemies - us. In 2004 the
US government commissioned SAIC to look at Peak Oil and to recommend various
strategies for dealing with it. That report - published this summer -
revealed some of the immediacy of the pending collapse. While refusing
to take a position as to when actual peak would occur, the report -- PEAKING
OF WORLD OIL PRODUCTION: IMPACTS, MITIGATION, & RISK MANAGEMENT - made
the picture pretty clear.

"Waiting
until world oil production peaks before taking crash program action leaves
the world with a significant liquid fuel deficit for more than two decades."
".If mitigation were to be too little, too late, world supply/demand balance
will be achieved through massive demand destruction (shortages), which
would translate to significant economic hardship."

"Ladies
and gentlemen, there is a plan to deal with Peak Oil. It has been formulated
for some time and it is being carried out right in front of our very eyes
this minute. It contains none of the aspects you would like to see or
hope to initiate but it is irreversible, etched in stone, and nothing
is going to deter it. While I have met with Congressman Roscoe Bartlett
of Maryland and while I applaud his singular and sincere efforts on the
subject I hold no optimism that he will have any influence on public policy.
He is truly a good man, I believe. But one member of the House of Representatives
who chairs no relevant committees and who does not enjoy the total support
of either his party's leadership or the White House can do little except
educate and warn the public. We cannot look to Mr. Bartlett, however good
his intentions, to solve anything for us. We are witnessing government
response to Peak Oil now." (End of quote)

On top
of all discussed in this two part series, you need to factor in the economic
Armageddon which will happen when he first wave of baby boomers retire
in less than three years. There
is no getting around this one. Congress doesn't have the political
stomach to make the hard choices, they are simply going to let the whole
mess get dumped right into our laps to deal with, but most won't be prepared.
It wasn't raining when Noah built the ark, but the massive, deadly storm
is already beginning to rain on America.

As Dr.
Edwin Vieira pointed out in one of his
brilliant columns earlier this year- don't look to Congress to save
your assets and everything you have ever worked for - it isn't going to
happen. We are very far down the road and I am trying to help people understand
just how vulnerable they are to losing everything. If you want to learn
more, please contact Harvey Gordin
for a complimentary copy of a 32-page report that you need to read. There
is no obligation. Get the truth and take the necessary steps to protect
you and your family and don't put it off until tomorrow. Tomorrow is already
here. Get out of debt as quickly as you can and take steps to protect
your assets. Long term survival is now top priority.

Devvy Kidd authored
the booklets, Why A Bankrupt America and Blind Loyalty, which sold close
to 2,000,000 copies. Devvy appears on radio shows all over the country,
ran for Congress and is a highly sought after public speaker. Your complimentary
copy of the 32-page report may be obtained from El
Dorado Gold. Devvy is a contributing writer for www.NewsWithViews.com.